Lloyds TSB & Credit contagion 'likely to spread'

Whilst Lloyds appear or claim relative safety from the meltdown in economies around the World it does not mean that the "contagion" will not spread

Swiss banks we have all to often thought of as meaning safety - secrecy even, and discretion - we at MyCbi had our own experience back in 1990 to dispel any sense of fair play that we had held, but we are minnows so why would the Swiss bank bother

Now things seem different, USB the giant swiss bank has revealed £7bn of sub-prime mortgage losses so far this year and its Chief Executive has reportedly gone cap in hand to Singapore seeking to bolster its capital

Given that it raises finance, it won't come cheap, we think!